Conor McGregor Endorses Irish Bitcoin Strategic Reserve
1min read UFC superstar Conor McGregor has publicly endorsed the idea of an Irish Bitcoin strategic reserve, igniting a renewed discussion about the country’s financial future and the potential role of digital assets in national policy.
McGregor's endorsement came in the form of a post on X, which quickly garnered over half a million views. In his post, he emphasized the empowering nature of cryptocurrency, stating that it was founded to give power back to the people. He further suggested that an Irish Bitcoin strategic reserve would give power to the people’s money. McGregor also announced that he would be cohosting a Twitter Space to discuss his vision for changes in this area, expressing his commitment to keeping the conversation going and potentially influencing decision-makers at a crucial time for digital asset adoption in Europe.
The concept of a strategic Bitcoin reserve involves a government or institution intentionally holding Bitcoin as part of its national reserves, alongside traditional assets like gold and foreign currency. Proponents of this idea argue that Bitcoin’s fixed supply, neutrality, and decentralization make it an ideal hedge against inflation and a tool for diversifying national portfolios. They also highlight its global liquidity and the potential for long-term growth as a digital asset for a digital age.
Ask Aime: What's the impact of UFC star Conor McGregor's endorsement on Ireland's financial future regarding Bitcoin?
Ireland would not be the first country to consider such a move. El Salvador made headlines in 2021 as the first nation to adopt Bitcoin as legal tender and to add it to its national reserves. Other countries, including the Czech Republic, Switzerland, Russia, and Poland, have also begun to explore the idea of holding Bitcoin as a reserve asset. In the U.S., several states have introduced proposals to explore Bitcoin reserves, with New Hampshire recently approving the first state-level Bitcoin strategic reserve law.
McGregor’s involvement in this debate could significantly impact the Irish discussion. As one of Ireland’s most recognizable global figures, McGregor has a history of using his platform to advocate for causes he believes in, from athlete rights to business innovation. His interest in an Irish Bitcoin strategic reserve could capture the public’s imagination and put pressure on policymakers to consider such a move.
